Primark website crashes on first day of click and collect trial November 14, 2022 Primark’s first foray into online shopping hit a hurdle on Monday morning as the high street name’s website crashed. The budget apparel seller has launched a trial in 25 stores in north-west England and north Wales, for children’s clothes to begin with. “We’re working hard to address this to ensure that everyone can access and [...]
Workers at Jaffa Cake bars factory threaten ‘permanent strike’ over pay November 14, 2022 MORE than 750 workers at the Jaffa Cake bars factory have threatened to stage a permanent walkout over pay until bosses agree to get back to the negotiation table. Staff at the Aintree plant – who also make Jacobs Cream Crackers and Twiglets – have been taking limited industrial action since September over cost of [...]
Value of UK business tax breaks hits record £105bn in past year alone November 14, 2022 The value of business tax reliefs in the UK hit £105.3bn in the past year, up from £100.3bn in 2020-21, shows new research shared with City A.M. this morning. The £105.3bn figure represents the combined cost estimated by HMRC for the 58 significant tax reliefs available to corporates. However, these represent just a fraction of [...]
Klarna amps up super-app aims with price comparison tool November 14, 2022 Klarna is looking to become an “assistant for each and every step of your shopping journey”, one of the fintech firm’s top bosses told CityA.M. today, as it ramps up efforts to become a ‘superapp’ with a new price comparison tool. The Swedish buy-now-pay-later firm has launched the search and compare tool in its Klarna [...]
Joules calls in administrators as rescue talks collapse November 14, 2022 Fashion and lifestyle firm Joules announced it had called in administrators and suspended trading on the London Stock Exchange this morning after emergency rescue attempts failed last week.
Cake Box says sales slowed as summer sun slices profits November 14, 2022 The hot weather and cost living sliced into Cake Box’s trading success in the last six months, as the premium cake maker struggles to keep up with strong comparators. Although group revenues were up a humble 2.1 per cent to £16.8m, EBITDA and pre-tax profit plunged over 32 per cent as cost pressures start to [...]
Mayor of London reiterates calls for two year rent freeze amid ‘crisis’ facing capital’s renters November 14, 2022 The Mayor of London has reiterated calls for an immediate rent freeze in the capital as London average rental prices are more than double that in other UK areas. Sadiq Khan said he would host an emergency summit over the challenges facing renters in the city, echoing previous calls for a two-year rent freeze. Tenants [...]
Financial resilience will be the backbone to withstand a tough winter recession November 14, 2022 The financial services industry must find ways to help people bridge this crisis by providing insurance premium wavers, affordable credit, and debt repayment deferrals.
Businesses call on Chancellor to boost regional growth by investing in tourism November 14, 2022 Businesses have called on Chancellor Jeremy Hunt to boost regional growth by investing in travel and tourism. Advocacy group BusinessLDN has called for the reintroduction of VAT-free shopping for international arrivals, as well as ramping up Border Force personnel to speed up queues at airports and ease visa processes for low-risk visitors such as children. [...]
Exclusive: North Sea firms urge Government to protect investment relief as windfall tax hike looms November 12, 2022 North Sea oil and gas producers are urging Government to ensure investment relief is continued in line with any windfall tax expansion.